European markets are expected to open lower Thursday, weighed on by a rising coronavirus death toll and reacting to the U.S. Federal Reserve's decision to keep interest rates on hold.
The coronavirus continues to be a focus for international markets; the outbreak has already, according to the latest update by China's National Health Commission.
Stocks in Asia slipped in Thursday afternoon trade on concerns over the virus and markets were also subdued following the U.S.said Wednesday it will hold its benchmark funds rate between 1.5% to 1.75% . The decision marked the second straight meeting the Fed made no changes to rates, following three consecutive reductions in 2019. The central bank affirmed its commitment to nudge up inflation to the 2% level.
In Europe, Brexit is on the agenda with European parliamentary lawmakers meeting for last time Thursday ahead of the U.K.'s departure at 11 p.m. London time on Friday. Meanwhile, in the U.K. on Thursday, the Bank of England announces its latest interest rate decision — the last one to be made under its Governor Mark Carney.
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